Michael Flight is known as the Godfather of Blockchain Real Estate.
It may sound unusual in the days of FTX, but when he was exposed to crypto, the CEO of the Liberty Real Estate Fund had a novel idea: "What if we did something legal and concrete in the crypto real estate space?"
Michael explains that issuing a security token follows exactly the same same process and steps as issuing a regular syndication, but the blockchain enables instantaneous communication and immediate transfers of value, information, and currency.; among other things.
He also gives his thoughts on the FTX scandal before giving us a deep dive into Triple Net Leases.
- FTX has given crypto a black eye, but what they did was outright fraud, regardless of the technology used. It doesn't change the fact that the blockchain can bring tremendous innovation and capability to a number of industries, including real estate.
- Bringing blockchain technology into a structured, regulated industry like real estate can provide credibility and security for investors - that's why they're called security tokens.
- You can easily remember what a triple net lease is through the acronym T.I.M. - Taxes, Insurance and Maintenance.
- During downturns, institutional real estate owners will flip into triple nets because it's something that's steady, it's cash flow, and it smooths out the up and downs of the downturns.
You can contact Michael through the Liberty Fund website: www.libertyfund.io.
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